In yesterday’s news was an interesting item. General Electric (GE) appears to be tax free. Free in that it has cut itself out of the tax system, freeing itself from paying any tax obligations. Because apparently, it has none.
November 24th, 2011 | Bill Bonner | 6 comments | ContinuedAll Posts Tagged With: "ge"
September is the Worst Month for the Stock Market
In fact, the S&P has declined in 11 of the past 20 Septembers. You may be inclined to say, “That’s not so impressive.” But an average decline of 10 points is something worth noting.
September 4th, 2009 | Bill Jenkins | 3 comments | Continued
Bernie Madoff and the SEC
But all the papers seem delighted. “Locked up for Life!” says one of today’s headlines. The judge “threw the book at him,” says another. His victims wanted him to get no mercy. The judge gave him none, imposing the maximum sentence.
July 1st, 2009 | Bill Bonner | 2 comments | Continued
Now in Post-bubble Era as Financial Industry Bombs Out
Yesterday, both the Bank of England and the European Central Bank announced moves to boost the economy. They’re both falling in line behind Mr. Bernanke, who is “pulling out all the stops” in order to avoid a deep depression.
May 11th, 2009 | Bill Bonner | 1 comment | Continued
This Isn’t a Recession
Looking back at the Dow…if you take the market peak of January 2000 as the long-term cyclical top…you might expect an eventual bottom 10- 20 years later…and then a new bull market that would return prices to their peak highs 10-20 after that. Between the high of ’29 and the next major high in ’66 was 37 years. Between the ’66 high and the ’00 high was 34 years.
March 10th, 2009 | Bill Bonner | 3 comments | Continued
General Electric & Lift Capital Usher in Rough Start for ASX
The Aussie market was doomed before trading began today with Friday’s shock result by General Electric (NYSE:GE) in New York. General Electric is a world-class jet engine maker. It’s also a shameless money-lender. But it’s the collapse of yet another Australian broker, Lift Capital and its 1,600 clients, which threatens to swamp the Aussie market this week. We are finally learning just how many people bought their way into the boom with borrowed money.
April 14th, 2008 | The Daily Reckoning | 2 comments | Continued
